Five held in Moscow on suspicion of illegal banking
MOSCOW. Dec 25 (Interfax) - Moscow police have arrested members of an organized-crime group on suspicion of a 30 billion ruble bank fraud, Moscow police said.
"Preliminary data suggest that the suspects conducted dubious financial operations to the tune of over 30 billion rubles. As a result of the transactions, they derived illegal profit in the form of interest from the sum, which amounted to over 50 million rubles," the spokesperson said.
During searches at the offices of the fictional firm, police seized over 450 seals of fictitious organizations, as well as seals of Moscow notaries, the Moscow Tax Inspectorate, over 150 keys to distance banking services between Bank-Klient and non-existent firms, the originals of legal cases and accounting reports.
During the searches police arrested four members of the organized-crime group and their suspected organizer.
The group, together with top managers from several banks, used over 450 non-existent firms in order to transfer loan money to accounts of other controlled companies.
Two members of the group have been released on travel restrictions.
